The U.S. Federal Reserve's reliance on maintaining an ample balance sheet t...
WASHINGTON - The U.S. Federal Reserve’s reliance on maintaining an ample balance sheet to help the economy poses risks to financial stability and the central bank’s independence, Kansas City Fed Bank President Esther George said on Friday.
“It remains less than clear to me that the longer-run costs of balance sheet policies have been fully taken into account,” George said in prepared remarks to the Shadow Open Market Committee economics conference in New York. George has long been a critic of the Fed’s decision to buy Treasury and mortgage-backed securities in response to the 2008 financial crisis and 2007-2009 recession.
The Fed currently has more than $4.2 trillion of assets on its balance sheet, including more than $3.8 trillion of bonds.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed Judge: Barr Summary of Mueller Report Calls Into Question His ‘Credibility’That the criticism came from a federal judge — who is demanding a full review of one of Barr’s most important acts — shows just how far the Attorney General has undermined his office
Read more »
Amy Childs is fed up of 'attracting spongers' who are after her millionsThe former TOWIE star rose to fame over a decade ago and with her celebrity status came a fortune which she has since invested into property - but she still finds it hard to trust men
Read more »
Investors trim bearish bets on yuan after Fed cut, stay wary of volatility: Reuters pollInvestors lowered bearish bets on the Chinese yuan as a U.S. rate cut gave Chine...
Read more »
Dollar's rally sputters as investors eye more Fed cutsMonetary policy easing in the United States fueled by worries about the economic...
Read more »
Fed to cut rates again in March, but effectiveness challenged: Reuters pollPresident Trump said the Federal Reserve should cut interest rates in line with other central banks
Read more »
Even with the recent strong economy, many Americans are struggling—ex-Fed chair Janet Yellen explains whyLess than a third of Americans consider themselves to be financially healthy. But why is that still the case after the U.S. has experienced long-running economic expansion and low unemployment? Former Federal Reserve chair Janet Yellen weighs in.
Read more »